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http://hdl.handle.net/10419/39977

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dc.contributor.author

Kappel, Vivien

en_US

dc.date.accessioned

2010-09-13T15:07:01Z

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dc.date.available

2010-09-13T15:07:01Z

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dc.date.issued

2010

en_US

dc.identifier.uri

http://hdl.handle.net/10419/39977

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dc.description.abstract

This paper examines the effects of financial development on income inequality and poverty. The results of both cross-country and panel data regressions suggest that inequality and poverty are reduced not only through enhanced loan markets, but also through more developed stock markets. We show that ethnic diversity and the distribution of land are significant and robust determinants of both income inequality and poverty. Finally, we find evidence that government spending leads to a reduction in income inequality in high income countries. In low income countries, however, we find no significant effect.